Expert Guide to Study MBA at Oxford University

The United Kingdom is home to the top Business schools in the world, including Oxford. More than a hundred thousand students are studying for an MBA at Oxford University. It is the most overwhelming experience they have had in their lives. However, it is not easy for them to manage their finances. So, they get in touch with study abroad experts to know why students should pursue an MBA from this college. Now, you might be thinking, why so? This article answers this question as it explains the Oxford campus life and the total cost of studying there.

Oxford University Campus Life of MBA Students

Oxford was founded in 1096 in Oxford City, UK. It is listed among the top global institutes and holds the #4th position in the list of world QS ranking. Students who choose to study for an MBA at this institute enjoy many benefits on campus, which are listed below.

Study Facilities & Academic Resources

The first benefit that students enjoy in the Oxford campus life is the excellent faculty and study resources. This institute is well-equipped with modern technology that helps individuals focus on their research and get practical knowledge. Moreover, teachers provide personal tuition to clear all the doubts. Thus, it helps the students to become proficient in their fields.

Student Community and Associations

Oxford organises several fests, events, and workshops hosted by clubs. Students can become a part of it as it will help them to make a strong network on the college campus, polish their skills, and make the most of studying an MBA in the UK.

Career Growth

Oxford has strong ties with top companies in the UK. They offer several internship opportunities to students. It helps the learners to get work experience and interact with industry leaders. Due to this, they can get strong achievements to add to their CV and secure a high-paying job at their dream MNCs.

This was all about the campus life of students studying for an MBA at Oxford University. However, it is not easy to experience it due to high expenses. Let us break these costs down in the next part.

Total Cost of Studying MBA at Oxford University

Studying for an MBA in the UK is the dream of many Indian students. It can help them to learn new skills for their career growth. However, it is not easy. They have to consider several expenses for a successful journey. Let us know about them below.

Tuition Fees

The annual tuition fees for studying abroad bother many students. It may cost them between 1.05cr and 1.25cr, depending on the course and institute. However, individuals who choose to study for an MBA at Oxford University do not have to worry about that. This institute charges 16L to 20L per annum as tuition fees.

Accommodation

Students' housing at Oxford or in nearby areas of the college campus costs 1.6L-2.75L per month. This amount does not include food and utility charges. Therefore, they must look for options that offer the most amenities.

Personal Living Expenses

It includes the expenditure made on travelling, food, groceries, entertainment and more. It depends on the lifestyle that individuals choose to live abroad. However, you must note that London is the most expensive city in the UK. So, living here may cost nearly 1.5L per month.

These were different types of expenses to study for an MBA at Oxford University. Students need a strong funding source or a financial background to manage it. Well, let us move to the next part and look at expert tips to arrange finances for a successful study abroad journey.

Financial Tips to Study for an MBA at Oxford University

Students need to prove their financial stability to get admission to Oxford to study for an MBA. Study abroad experts are privy to it. So, they advise the students to follow some key points mentioned below for arranging sufficient funds and living a reliable life abroad.

Take an Education Loan

Many banks offer loans for overseas education at a low interest rate. Individuals who are willing to study at the Oxford Institute must visit the banks and ask for a loan. Hence, it will help them to arrange the maximum amount for their overseas education.

Apply for Scholarship

Oxford awards a good amount of money to support studies for every student. However, you must apply for them. It will help you get relief from the tuition fees. Due to this, students can easily manage their finances abroad.

Work for Part-Time

The UK Government allows students to work part-time for 20 hours per week and earn some money. Therefore, students should look for part-time work to earn some money for their personal expenses.

Understand Needs and Wants

At last, students should understand the difference between their needs and wants. It will help them to spend money to fulfil their requirements and live a smooth life abroad.

Wrap Up

In conclusion, an MBA degree from Oxford can help students change their lives. It is one of the finest institutes to study in UK. However, some students might struggle to arrange the total amount of their UK education. They must visit the banks and apply for an education loan. Moreover, they must seek scholarships and work part-time. Hence, it will help them to arrange sufficient funds and come a step closer to unlocking life-changing opportunities.

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